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The Catch 1725 W University Dr 1,800 SF Retail Building Denton, TX 76201 $2,338,166 CAD ($1,298.98 CAD/SF) 6.09% Cap Rate
INVESTMENT HIGHLIGHTS
- Future Re-Lease or Redevelopment Upside: Upon lease expiration, a new owner has the flexibility to re-lease the site to a national tenant or redevelop
- Robust Daytime Population: Daytime population nearly doubles to 113,594, driving strong demand for retail and dining services.
- Strong Tenant Commitment: The Catch currently occupies the property and has recently resigned a new 5-year lease.
- Significant Retail Development Nearby: 1-mile from Razor Ranch, where thirteen new national retailers, including Portillo’s, Double Dave’s, and more
- Exceptional Location & Traffic Exposure: Positioned along University Drive with visibility to over 39,000 vehicles per day and surrounded by retailers
- High Growth Trade Area: More than 75,000 residents within a three-mile radius with over 10% population growth over the past five years
EXECUTIVE SUMMARY
The Catch (The “Property”) is a premier NNN investment opportunity featuring a 1,800 SF single-tenant restaurant on 0.6061 acres, located at 1725 W University Drive in Denton, Texas. Originally built in 1977, the property is currently occupied by The Catch. The Catch exercised their options extending their lease, which is now set to expire September 2030.
Only one mile from Razor Ranch, Denton's new mixed-use development, the property benefits from strong consumer traffic, attracting nearly 127,000 visitors over the past year. The population within three miles exceeds 75,000 residents, reflecting more than 10% growth over the past five years, with an additional 5% growth projected over the next five years. The daytime population grows to 113,594, further boosting demand for retail and dining services in the area.
Only one mile from Razor Ranch, Denton's new mixed-use development, the property benefits from strong consumer traffic, attracting nearly 127,000 visitors over the past year. The population within three miles exceeds 75,000 residents, reflecting more than 10% growth over the past five years, with an additional 5% growth projected over the next five years. The daytime population grows to 113,594, further boosting demand for retail and dining services in the area.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,800 SF
Building Class
C
Year Built
1977
Price
$2,338,166 CAD
Price Per SF
$1,298.98 CAD
Cap Rate
6.09%
NOI
$142,394 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.61 AC
Zoning
SC - Suburban Corridor
Parking
15 Spaces (8.33 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R40107 | Improvements Assessment | $119,493 CAD |
| Land Assessment | $669,609 CAD | Total Assessment | $789,102 CAD |
PROPERTY TAXES
Parcel Number
R40107
Land Assessment
$669,609 CAD
Improvements Assessment
$119,493 CAD
Total Assessment
$789,102 CAD
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The Catch | 1725 W University Dr
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